DeFi bubble and the Hacks
After another DeFI bubble exploded couple of days ago the next big hack is taking a step to normalize the hype. $24million have been stolen from DeFI platform #Harvest
They used the extracted funds to exchange into renBTC a stablecoin backed by bitcoin and exit into bitcoin.
Harvest’s hack comes just six weeks after an attacker made off with $8.1 million in bitcoin from another defi protocol, Bzx. However, Bzx managed to recover the funds.